Allegro MicroSystems Inc. (NASDAQ:ALGM) finished Friday with an addition of $0.04 to close at $30.02, an upside of 0.13 percent. An average of 670,380 shares of common stock have been traded in the last five days. There was a gain of $0.14 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,656,625 shares traded, while the 50-day average volume stands at 1,205,528.
ALGM stock has decreased by -3.60% in the last month. The company shares reached their 1-month lowest point of $29.13 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $19.20 and a high of $37.29 in 52 weeks. It has reached a new high 1 time so far this year and lost -17.03% or -$6.16 in price. In spite of this, the price is down -19.50% from the 52-week high.
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ALGM stock investors should be aware that Allegro MicroSystems Inc. (ALGM) stock had its last reported insider trading activity 26 days ago on Dec 05. In this transaction, the insider spent $2,484,698. SVP, CTO, Doogue Michael, disposed of 7,500 shares at a price of $31.00 on Dec 01. The insider now owns more than $232,486 worth of shares. Prior to that, SVP, CTO Doogue Michael went on to Sale 24,276 shares at $29.25 each on Nov 15. An amount of $710,071 was transacted.
Allegro MicroSystems Inc. (ALGM) has a trailing price-to-earnings (P/E) ratio of 48.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.74, the price-to-book (PB) ratio at 7.05, and the price-to-cash flow ratio at 53.13.
The quick ratio of Allegro MicroSystems Inc. for the three months ended September 29 was 4.00, and the current ratio was 4.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.03 for the quarter ending September 29. Its gross profit as reported stood at $407.46 million compared to revenue of $768.67 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Allegro MicroSystems Inc.’s return on assets was 13.10%.
For the three-month period that ended September 29, Allegro MicroSystems Inc. had $25.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $50.61 million in the quarter, while revenues were grew 34.42%. The analyst consensus anticipated Allegro MicroSystems Inc.’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.31, a 19.20% surprise. For the quarter, EBITDA amounted to $72.07 million. Shareholders own equity worth $191.31 million.
From a technical analysis perspective, let’s take a brief look at Allegro MicroSystems Inc. (ALGM) price momentum. RSI 9-day as of the close on 30 December was 46.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.14%.
As of today, ALGM’s price is $29.86 +0.47% or $0.14 from its 5-day moving average. ALGM is currently trading -3.63% lower than its 20-day SMA and +22.28% higher than its 100-day SMA. However, the stock’s current price level is +43.50% above the SMA50 and +9.04% above the SMA200.
The stochastic %K and %D were 12.20% and 11.93%, respectively, and the average true range (ATR) was 0.98. With the 14-day stochastic at 17.85% and the average true range at 1.03, the RSI (14) stands at 49.81%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.84.
Cowen launched coverage on Allegro MicroSystems Inc. (NASDAQ: ALGM) in its analyst report released on May 25, 2022. The firm assigned the stock an Outperform rating.